10:37 AM EDT, 03/14/2024 (MT Newswires) -- Enfusion ( ENFN ) shares slipped 2.5% in recent Thursday trading after short-seller Spruce Point Management raised concerns about the company's "financial restatement risk."

Enfusion ( ENFN ) did not immediately respond to a request for comment by MT Newswires.

"We believe revenue is at high risk of misstatement as we find accounts that appear to have been quietly revised or do not reconcile," Spruce Point said Thursday.

The firm said it "believes that financial restatement risk is high."

Price: 9.09, Change: -0.23, Percent Change: -2.47